Middlesex Water Company (MSEX)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	53,210	50,923	46,244	41,598	39,223	39,128	42,881	42,300	47,333	45,525	40,374	40,100	33,211	35,203	36,956	36,527	37,420	36,648	35,454	35,019
Total assets	US$ in thousands	1,255,170	1,229,620	1,274,640	1,250,100	1,236,050	1,243,420	1,127,590	1,098,920	1,074,450	1,064,670	1,038,020	1,074,450	1,020,020	1,029,590	1,014,980	986,210	976,470	959,834	950,870	935,316
Operating ROA		4.24%	4.14%	3.63%	3.33%	3.17%	3.15%	3.80%	3.85%	4.41%	4.28%	3.89%	3.73%	3.26%	3.42%	3.64%	3.70%	3.83%	3.82%	3.73%	3.74%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $53,210K ÷ $1,255,170K
= 4.24%

Middlesex Water Company's operating return on assets (ROA) has shown fluctuations over the reported periods, ranging from a low of 3.15% on September 30, 2023, to a high of 4.41% on December 31, 2022. The company's operating ROA experienced a general upward trend from September 30, 2022, to December 31, 2024, indicating improved operational efficiency and profitability. However, there were minor decreases in the operating ROA in some quarters during this period.

It is worth noting that the operating ROA for Middlesex Water Company tends to be relatively stable, with fluctuations within a narrow range. This stability suggests a consistent operational performance in generating profit from its assets over the quarters analyzed. Overall, the company's operating ROA indicates a moderate level of efficiency in utilizing its assets to generate operating income.